- Oil explorer Petrel Resources posted a first-half loss as it continued to develop prospects in Iraq, Ghana and offshore Ireland.

Pre-tax losses for the six months through June amounted to €0.24m, compared to losses of €0.12m on-year.

Petrel said it was 'well funded' for ongoing activities and that its main focused was once again on Iraq.

At 8:53am: [LON:PET] Petrel Resources PLC share price was -0.7p at 4.15p

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